Society Of Actuaries (SOA) Actuarial Certification Exam

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An insurance company models aggregate losses as the sum of ? independent claims, where ? follows a Poisson distribution with mean ?=5, and each claim amount is $1,000. What is the expected aggregate loss?

$$5,000 $$6,000 $$7,000 $$8,000

Correct Answer:

$$5,000

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